Borsig GmbH Drop KNM Share Near Major Support Line RM 0.70

KNM Group Bhd saw net profit tumble almost 70% to RM31.92mil for the three months ended Sept 30 compared with the previous corresponding period due to the continued impact of the intangible asset amortisation arising from the acquisition of Borsig GmbH and the global economic slowdown. The process equipment manufacturer’s revenue dropped 38.57% to RM458.34mil in the third quarter.

Due to this news KNM had sale down to near 1st major support line. I think any KNM share price drop below RM 0.70 may be a good buy if the vol is high. Now Gold price is on bull run due to economic recovery unstable but when the economic get really better Gold price will stop going up and Black Gold ( crude oil ) will get more higher and stable price compare now. With the crude oil price getting better KNM share may likely to shine again.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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